Activity in the equities market declined slightly to 232mn from 255mn yesterday with 13mn shares trading. Local investors became the day’s top movers as their sales and purchases stood at 58% and 57% of the total turnover respectively.
Read: Kenyan Shilling Treads Turbulent Waters
Safaricom, Carbacid, Equity bank, Kengen and Kenya Airways were the biggest traded counters. The All Share Index dropped marginally to close at 145.31 points while the NSE 20 Share Index lost 40.12 points to end the day at 3,866.97 points.
The Kenyan shilling was under pressure today on the expectations that a rise in global oil prices would hike the fuel import bill. The shilling closed the day at a mean of Kes 100.72 compared to an average of Kes 100.67 previously.
Article by Kingdom Securities Ltd.